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Retailers in the U.S. are hoping to clear stock a day after Christmas so, for bargain hunters, Dec. 26 is the next best day — after Black Friday and Cyber Monday — to score some amazing deals and discounts. Before we forget: today is also a federal holiday. This means that most government offices, banks, post offices, schools, and libraries will be closed on this day. Some people, […]

December 26, 2016 by: Joanna S Kao in New York Last week ‘Dear Evan Hansen’ became the seventh new Broadway show of 2016 to pull in more than $1m at the box office in a single week, at the end of a year in which New York’s theatre takings have so far been roughly flat at $1.34bn.  Rising ticket prices and better models for variable pricing have made […]

A powerful typhoon blew out of the northern Philippines on Monday after killing at least six people and spoiling Christmas in several provinces, where more than 380,000 people abandoned celebrations at home to reach emergency shelters and other safer grounds. Typhoon Nock-Ten cut power to five entire provinces due to toppled electric posts and trees, dimming Christmas revelries in Asia’s largest Catholic nation. More than 300 flights […]

By Humeyra Pamuk | ISTANBUL ISTANBUL Turkish authorities have arrested the cafeteria manager of the opposition Cumhuriyet newspaper for insulting the president after he said he would not serve tea to Tayyip Erdogan, one of the manager’s lawyers told Reuters on Monday. Senol Buran, who runs the cafeteria at the Istanbul office of Cumhuriyet, was taken into custody after police raided his home late on Saturday, lawyer […]

Emirates airline has announced that it will operate the first ever commercial Airbus A380 flight to Morocco and North Africa, when it takes the iconic double decker aircraft to Casablanca on March 26, 2017. The airline’s flagship aircraft will replace the Boeing 777-300ER aircraft currently used on the Dubai-Casablanca route, offering increased seat capacity across all three cabin classes and an enhanced premium product experience. The switch […]

BUENOS AIRES Argentina’s government has asked Finance Minister Alfonso Prat-Gay to step down, cabinet chief Marcos Pena said on Monday, marking the first major departure in President Mauricio Macri’s Cabinet since he took office a year ago. As part of the move, the Finance Ministry will be split in two, with the treasury division led by economist Nicolas Dujovne and the finance division led by current finance […]

By Shwe Yee Saw Myint | YANGON YANGON A man has been found dead with stab wounds in Myanmar’s Rakhine State, in what the government said on Monday was the second murder in under a week of a Rohingya who cooperated with authorities as they crack down on suspected insurgents. Coordinated attacks on October 9 killed nine police officers and sparked a military operation in northern Rakhine. […]

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In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt to 1,402 tonnes, or 41.5% of Germany’s total gold of 3,381 tonnes, […]

FRANKFURT European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena (BMPS.MI) should be weighed carefully as many questions remain to be answered, according to German newspaper Bild. “For the measures planned by the Italian government the bank has to be financially healthy at its core. The money cannot be used to cover losses that are already […]

Despite the warning for Western Australia to brace for a category 1 cyclone Yvette with a wind speed of around 101 miles per hour (164 kilometers per hour), NASA said a vertical wind shear has weakened the wind’s intensity. According to NASA, a visible-light image of tropical cyclone Yvette captured by the agency’s Radiometer Suite on NASA-NOAA’s Suomi NPP showed bulk clouds pushed north and west of the […]

One may assume the life of a member of a Royal Family is easy, right? After all, members receive the “royal treatment” all year long. But the truth is royal families are just like all our families. Their lives can include controversy, scandal and some drama. And this year was no different. Whether it was relationship rumours, links to the Panama Papers scandal, tax fraud trials or […]

It is easy to forget there was a time in the UAE before big concerts such as Coldplay’s New Year’s Eve performance that will rock du Arena on Saturday night. That major shows put on by world-class acts such as The Rolling Stones, Paul McCartney, Rihanna and Justin Timberlake were not always the norm in the UAE. The country has become such a regional entertainment hub in […]

Saudi Arabia will resist plans to introduce a tax on expat remittances for now, according to Mohammed Al-Tuwaijri, secretary general of the Financial Committee at the Royal Court. Saudi Arabia’s Shura council has discussed plans to impose a 2 to 6 percent tax on expat workers’ remittances, following a proposal submitted by former Shura council member Husam Al Angari. He proposed an initial tax of 6 percent […]

India’s government is making an increasing number of requests for data on Facebook’s users, but the social networking site is blocking less content as a result of fewer requests from authorities in the South Asian nation. According to the social media giant’s most recent report on government requests from January to June 2016, Indian authorities made 6,324 requests for user data from Facebook, 23% more than the […]

Egypt confirmed on Sunday that it had arrested an Al Jazeera news producer, accusing him of “provoking sedition” on behalf of the Qatar-based broadcaster that it considers a mouthpiece of the banned Muslim Brotherhood. Judicial sources said Mahmoud Hussain, who was detained on Friday, was being held on charges of disturbing public security and spreading false news. The Interior Ministry said in a statement that Al Jazeera […]

MILAN/LONDON On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world’s oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy’s third-largest lender, was destined to be wound down within months unless it could raise billions of euros and pull […]

Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]

Fletcher will become the second long snapper in Alabama history to be awarded a full scholarship out of high school. The first, Cole Mazza, who will graduate this year, was also the No. 1-rated snapper when Coach Nick Saban offered him an Alabama scholarship in 2012. Continue reading the main story Put another way: Alabama’s focus on the littlest details of the game even stretches to the […]

JERUSALEM: In the days following the UN Security Council’s resolution affirming the illegality of Israeli settlements, it is business as usual as the Jerusalem municipality is expected to approve about 5,600 more homes.Israeli officials acknowledged that the move to expand the settlements in East Jerusalem was a direct response to the Security Council Resolution 2334 that was approved by 14 countries — Britain, Russia, China, France, Egypt […]

Submitted by Michael Jabara Carley via Strategic-Culture.org, Relations between Russian president Vladimir Putin and US president Barack Obama are poisoned and irretrievably damaged. It’s therefore a good thing that Obama is leaving office on 20 January. Bad US-Russian relations are of course nothing new. Since the Anglo-American war against Iraq in 2003, the US-Russian relationship has been headed downhill. For Obama, it appears that everything has gotten […]

By David Stanway | SHANGHAI SHANGHAI The heavily polluted northern Chinese province of Hebei said it will learn lessons from the smog that engulfed the region last week and step up its clean-up efforts, while the country’s Supreme Court vowed to crack down harder on polluters. Hebei, which surrounds Beijing and was home to seven of China’s 10 smoggiest cities last year, has been on the front […]

SEOUL Headed for a fourth straight annual profit decline, Hyundai Motor (005380.KS) is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular […]

Science magazine has named gravitational wave discovery as “Breakthrough of the Year.” The award followed several other accolades given earlier this year to the scientists associated with the Laser Interferometer Gravitational-Wave Observatory (LIGO), a large-scale physics experiment and observatory that exploits the physical properties of light and space to detect and dig into the origins of gravitational waves. What Are Gravitational Waves? Ripples in space-time are created […]

After more than three months out of the spotlight, Kim Kardashian West is set to make her first public appearance of the new year in Dubai. The American reality television star rescheduled after cancelling her planned trip to the UAE back in October after being robbed at gunpoint in Paris, France, during fashion week. The 36-year-old most famous for reality series Keeping up with the Kardashians was […]

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